Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Currencies  >  US Dollar / Japanese Yen (USD/JPY)    USDJPY   

Real-time Quote. Real-time  - 07/29 02:10:50 pm
103.305 JPY   -1.46%
01:40p Yen, bond yields rise as Bank of Japan action underwhelms
01:40p Yen, bond yields rise as Bank of Japan action underwhelms
09:15a BoJ Holds Off Bazooka, Offers Smattering of Easing Measures
SummaryQuotesChartsNewsAnalysis 
News SummaryAll news 

USD/JPY Reaches 50% Retracment of Decline from 2007 High

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/11/2013 | 11:40pm CEST

Daily Candles

eliottWaves_usd-jpy_body_usdjpy.png, USD/JPY Reaches 50% Retracment of Decline from 2007 High

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

FOREXAnalysis: Focused on USDJPY in Friday’s weekly and there it little else to add. “One setup that was described on Friday was to wait for a break through upward sloping resistance followed by a test of the topside of the line. Support is seen from the topside of that line down to the uncovered close at 97.50 (Friday’s close).” A sharp drop for at least 1 day may be near as price traded into the 50% retracement of the decline from the 2007 high on a small range and ended the day little changed (call it a doji or whatever…the point is that momentum slowed at an important reference point).

FOREXTrading Strategy: Not against trading from the short side if the right scenario develops…would need to see a drop below 98.50 to turn the minor bias down followed by at least 1 session (Asia, Europe, or US) of consolidation.

LEVELS: 96.70 97.50 98.50 99.84 101.44 103.50


© FXCM 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on US DOLLAR / JAPANESE YEN (
01:40p Yen, bond yields rise as Bank of Japan action underwhelms
01:40p Yen, bond yields rise as Bank of Japan action underwhelms
09:15a BoJ Holds Off Bazooka, Offers Smattering of Easing Measures
07/28 USD/JPY Shows Brexit-Like Anxiety Heading into BoJ Decision
07/28 Market Attention Shifts to Yen, BOJ as US Dollar Eases Post-FOMC
07/28 USD/JPY Levels to Watch Going Into the BoJ Monetary Policy Decision
07/28 USD/JPY Base into BoJ?
07/27 USD/JPY TECHNICAL ANALYSIS : Bulls Still Haven’t Broken Resistance
07/27 Preview for July FOMC Meeting and Outlook for US Dollar
07/27 EUR/USD Risks Larger Recovery on Wait-and-See FOMC
More news